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Museveni, Muhoozi, Kadaga to be awarded during Uganda-DRC Trade Symposium

President Museveni

President Yoweri Museveni is to be rewarded for his contribution to the thriving of the East African Community (EAC). Museveni will be awarded during the Uganda-DRC Trade Symposium which will take place on November 30, 2022.

Museveni will be awarded alongside DRC President Felix Tshisekedi, former Kenyan President Uhuru Kenyatta, Uganda’s Minister of East African Community Affairs Rebecca Alitwala Kadaga, Senior Presidential Advisor for Special Operations Gen Muhoozi Kainerugaba and Member of the East African Legislative Assembly Fred Mukasa Mbidde will be recognized for their enormous contribution for the growth and development of East African Integration.

Organized by the Karibu East Africa Presidential Awards and the International University of East Africa, Trade Symposium is aimed at helping the Ugandan business community to access the right information about the business opportunities in the Democratic Republic of Congo (DRC) market. The panelist will discuss security, transportation, taxation, pricing of commodities and financing of exports and other topics.

Panelists will be invited from the Uganda Peoples Defence Forces, Uganda Revenue Authority, the Banking industry, the DRC government, the Congolese community trading in Uganda and the cross-border transport sector to address Ugandan business people that want to do business in the DRC.

“The objectives of the symposium are; to raise awareness about the importance of the DRC market; to identify Ugandan business persons with potential for the DRC market and link them to the right stakeholders; to document challenges faced by both formal and informal traders dealing with the DRC market and forward them to relevant authorities for redress and to create a communication platform for all potential business persons interested in the DRC market for better networking,” the organizers said in a statement.

They said Ugandan small business entities want to tap into the DRC market but lack the right information and are discouraged by the numerous news reports of insecurity in DRC. There is little accurate information on the DRC to help business people to make appropriate decisions even though the Congolese market appears to be the next game changer for trade within the East African Community.

Awards

President Yoweri Museveni

In 2023, President Museveni will mark 30 years since he put pen to paper to revive the EAC. Since then he has taken it upon himself to champion a deep and wide expansion of the regional bloc that has expanded from the original three partner states (Uganda, Kenya and Tanzania) to seven countries with additional Rwanda, Burundi, South Sudan and DRC. Somalia is also joining soon. EAC now connects the Indian Ocean to the Atlantic Ocean and soon, the Gulf of Eden, to make a population of close to 300 million people.

President Museveni is further credited for championing the annexation of EAC, Southern African Development Community (SADC), and Common Markets of Eastern and Southern Africa (COMESA) to create Africa’s largest trading bloc beginning as the African Continental Free Trade Area with a combined population of over 527 million people and a combined gross domestic product of $624 billion.

Because of this integration process, Uganda and African countries have benefited from strategic security, infrastructure development and economic prosperity. Consequently, President Museveni will be honored with the Award of “Supreme Guide of African Unity.”

President Felix Tshisekedi

President Felix Tshisekedi will be honored with the “Hero of East Africa” award for his decision to get DRCadmitted into EAC in a record four years. DRC is the most lucrative and virgin market that will enrich the region.

Former President Uhuru Kenyatta

Former President Uhuru Kenyatta will be honored with the “Top East Africa Peace Ambassador” award for his commitment to peace in the region. Before he left power, Kenyatta had successfully repaired relations with almost all the East African partner states including South Sudan (in 2019), Uganda (in 2021), Tanzania (in 2021) and Somalia (in 2021).

He also participated in peace talks between Uganda and Rwanda, DRC and Rwanda, and Rwanda and Burundi, and in July 2022, he was appointed a peace facilitator between the Kinshasa government and the dozens of rebel groups in eastern DRC. Kenyatta has been at the forefront of facilitating peace talks between President Salva Kiir and the warring factions. Kenyatta was one of the mediators of the African Union-brokered peace talks between the Ethiopian government and Tigray rebels. Kenyatta and Olusegun Obasanjo, former Nigerian president, have successfully secured a peace deal between the Tigrayans and the Ethiopian government. Therefore, because of that reputation and commitment to the peaceful resolution of conflicts in East Africa, Kenyatta is recognized as the Top East Africa Peace Ambassador.

Rebecca Alitwala Kadaga

Rt Hon Kadaga will be honored with the “Most Vibrant East African Leader” award for; enforcing compulsory learning of Kiswahili, first, by policymakers, and then later, in schools; she is applauded for her firmness in retaliation against Kenya’s blockade on Uganda’s exports that has resulted into Kenya authorities allowing Ugandan goods like milk and poultry products onto their market; she also fought for Alex Obatre Lumumba, a Ugandan who had been cheated from the position of Clerk to the East African Legislative Assembly to get the job; she is currently fighting for Uganda to host the East African Central Bank and, in October 2021, she made sure that South Sudan scrapped visa requirements for Ugandans traveling there.

Gen Muhoozi Kainerugaba

Gen Muhoozi Kainerugaba, the Senior Presidential Advisor for Special Operations, will be honored with the “Most Outstanding East African” award for his efforts to restore Uganda-Rwanda relations after three years of a border dispute. His personal relationship with Uhuru Kenyatta also eased the tension in bilateral trade relations between Uganda and Kenya.

Fred Mukasa Mbidde

Fred Mukasa Mbidde will be honored with the “Best East African Legislator” award for his exemplary non-partisan and outstanding legislative work. Hon Mbidde is the first legislator to write a  book on East African integration process for readers in the region to understand East African regional integration.

Mbidde intervened when Burundi challenged the election of Rwanda’s Rt Hon Martin Ngoga as Speaker of the East African Legislative Assembly. Out of Mbidde’s skillful legal intervention, Burundi lost the case and Ngoga retained his position. Previously, Uganda’s representatives to East African Legislative Assembly turned against one of their own, Margret Zziwa, who was an EALA Speaker.

It is Mbidde, from the opposition, who stood by her all throughout her ordeal. Mbidde attended a mediation with South Sudan for harmonization of their first EALA elections and petitioned the court for the cancellation of the first wrongly nominated members by the South Sudan president. To date, South Sudan conducts one of the freest and fair elections in the region.

He also forced Uganda through reference No 6 of 2011 to comply with Article 5 of the EAC Treaty on elections for members of the East African Legislative Assembly as opposed to appointments.

Mbidde informally lobbied former president Joseph Kabila to allow DRC to join EAC. He engaged in litigation aimed at fostering access to justice by forcing partner states to deposit declarations under Art 349(6) to the protocol for the African Court on Human and Peoples rights.

Mbidde chaired the EALA committee of communications, trade and investment; chaired the subcommittee of legal, rules and privileges that emerged with the 1.5 constitution requirement for women in the Kenyan parliament in 2012 and also worked as EALA commissioner.

In addition, at least other 40 private sector organizations will be honored for their contribution to the growth and development of East African integration.

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MTN Marathon: Rwenzori commits Shs95m towards maternal health

Innocent Obong, Quality Assurance Manager Rwenzori, Barbra Kiwanuka, Events & Sponsorship Manager at MTN and Isaac Ssekasi, Commercialization Director Coca-Cola Beverages Africa during the sponsorship handover

Rwenzori has Committed Shs95 million towards the improvement of maternal health access by supporting Kawaala community health center, Kisenyi Health center IV, and two other upcountry health centers with incubators and other delivery room accessories.

Yesterday, Rwenzori was named the official hydration partner for the MTN Marathon slated for 20th November at Kololo ceremonial grounds.  The Marathon which will be held under the theme: of improving maternal health, comes after a two-year hiatus due to COVID-19 imposed restrictions.

In Uganda, 46 children die for every 1,000 live births, which accounted for 74,000 deaths in 2018 alone with nearly half of these occurring in the first month of life according to UNICEF. About 31% of all neonatal deaths are attributed to sepsis, which is often acquired in healthcare facilities.

The mortality rate in mothers is still very high despite some modest reductions in the last decade driven by government and private intervention. Currently, 16 women die every day (6,000 annually) due to pregnancy-related complications.

CCBU this afternoon committed a donation of UGX 95M during a Zumba session organized for the staff as they gear up for the upcoming marathon. In his remarks, Isaac Sekasi, Business Development and Commercialization Director at CCBU reiterated the company’s commitment to the marathon and causes which are built on the company’s purpose, to ‘Refresh Africa and make a difference in every community it operates.

“We are a business built on people, we are invested in ‘our people’ staff, partners, suppliers, and the communities we operate in. Participating in this marathon is a way of showing solidarity with our people as we promote inclusive economic development in the country,” he said.

We have a long-standing history supporting community initiatives and we couldn’t be happier having MTN as our partner in serving the community. We shall keep everyone hydrated as we work together for a shared future. Aside from providing water during the marathon, we shall also work with our recycling partners to ensure proper plastic waste management after the marathon. We take this as our utmost responsibility to always safeguard our environment. I encourage everyone to purchase their kit today and be part of this amazing cause,” he rallied.

Somdev Sen, the MTN Uganda Chief Marketing Officer, hailed Rwenzori water for its partnership and continued support for the MTN Kampala Marathon over the years, which has greatly impacted communities across the country.

“MTN Uganda is indebted to partners such as Rwenzori water that have made the realization of the marathon’s vision a possibility. We don’t take a partnership that has walked this great journey with us for granted and we will indeed continue in the efforts of doing better for the communities in which we operate,” he said

“This year we run for babies, in hope that every mother and child is given a fighting chance at survival with improved medical attention and facilities. I am pleased that Rwenzori water is standing with us and it will keep our runners hydrated this year as we endeavor to create shared value which is at the core of what we do at MTN,” Somdev said.

Since its first edition in 2004, the MTN Kampala Marathon remains a popular annual sports event that attracts East Africa’s elite athletes. In this year’s edition, runners can participate in any of the four categories including; the full marathon (42Km), half marathon (21Km), 10Km race, and 5Km fun runs. The wheelchair race (10Km) shall be held on November 13, 2022.

Over the years, the MTN Kampala marathon has raised slightly over Ushs4Bn towards causes such as securing maternity kits for expectant mothers, resettling internally displaced people in Northern Uganda, delivering clean water, and improving sanitation in communities/schools, and most recently, improving maternal in health facilities.

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5 Best Trading Apps in Kenya

Online trading in Kenya is considered a widespread and profitable activity. Kenya has produced a number of successful forex traders that make deals via trading apps. 

We have prepared a list of 5 popular trading apps for devices in the Kenyan market. Each app has its own strengths that can help you to get the most out of your trading experience.

Let’s take a closer look now. 

1. HFM trading app

The HFM trading app is the perfect way to trade on your phone. With features like live prices and charts, you’ll be always aware of what’s going on in real time and make informed decisions about your trades. The account information feature lets users manage all aspects of their accounts from one place, making it easy to keep track of your funds sources and overall progress. Finally, the trade execution function puts orders into action quickly so that traders don’t miss out when markets move unexpectedly – even if it means being first a little bit too late sometimes.

HFM offers traders a user-friendly and engaging platform with many features that make you an expert trader in no time. It also offers a wide range of markets to trade in, including stocks and commodities. In addition, the app supports various cryptocurrency types on the go with ease.

2. LiteForex trading app

Besides the fact that the LiteForex company offers one of the most popular trading platforms in the world, it has a convenient trading app as well.  You can trade forex and CFDs on your phone with their available mobile app. This app has features like an intuitive interface and real-time quotes with technical analysis tools. All of this makes it a great choice for traders who want to make money from the markets.

3. Olymp Trade trading app

The Olymp Trade app is one of the simplest and easiest binary options trading apps to use. You can trade stocks, commodities, or currencies without any trouble using their user-friendly interface. The minimum deposit is $10, but you can start with less if desired by using the demo account which will let you practice strategies before risking any real money.

4. XM trading app

XM Forex is a forex broker with an excellent trading app as well. It has been in the industry since 2009 and is registered with the Financial Services Commission (‘’FSC’’). The company offers tight spreads so that you can make quick trades and provides 24/5 customer support for mobile traders. You can trade a variety of assets with XM Forex, including currency pairs and stocks. 

5. AvaTrade trading app

The last on our list is the AvaTrade. The broker’s mobile app is called AvaTradeGo. It provides a stable trading experience with an advanced dashboard, intuitive management tools, clear charts, zoom for details, and a market trends feature to monitor trading trends within the AvaTrade community.

Conclusion

The apps above allow you to trade forex in Kenya easily and quickly. All of them have been tested over time and proven to work well. Choose the one that suits your needs best and start trading forex today.

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Former Jinja RDC Eric Sakwa bounces back as Washaki is taken to Kumi

Eric Sakwa

The Minister for Presidency, Milly Babalanda has redeployed former Jinja Resident District Commissioner (RDC) Eric Sakwa by appointing him as RDC for Kaliro District.

The controversial Sakwa was in 2020 unceremoniously arrested on allegation of murder during the first #Covid-19 lockdown in Jinja.

Meanwhile, former Mbale Resident City Commissioner (RCC) Ahmed Washaki has been taken to Kumi as the RDC. Washaki was replaced by the Kumi RDC, Hussein Kato.

In the same reshuffle, former Kampala RCC, Hudu Hussein who has been in Yumbe as RDC has been transferred to Lwengo as RDC.

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MT4 vs MT5 Which Platform to use?

When it comes to trading, many different options are available to you. You can choose from a variety of different platforms, each with its own unique features. The MetaTrader platforms are the most popular among traders thanks to their easy-to-use interface that allow beginners and traders with experience to operate the market, plus more benefits that their tools give. However, it is essential to know which one is right for you. It is also essential to know if your device supports these platforms; that’s why you must ensure that the mt5 download is available. This blog post will compare MT4 and MT5 and help you decide which platform is right for you.

What is MT4?

MT4, also known as MetaTrader 4, is a trading platform developed by Russian company MetaQuotes Software Corp in 2005. It has become the industry standard for retail traders thanks to its user-friendly interface and various features such as charting tools, technical indicators, and automated trading options.

The MT4 platform offers traders the ability to trade in the Forex market. It also offers a variety of tools to help traders make informed decisions, including charting tools, technical indicators, and more. Additionally, MT4 offers automated trading options, which allow traders to automate their trading strategies. MT4 is available on a variety of devices, from desktop computers to mobile phones, for your convenience. Additionally, a web-based version can be accessed directly from your browser.

What is MT5?

MT5, also known as MetaTrader 5, is the newer version of the MT4 platform released in 2010. It offers all the same features of MT4 with some added benefits, such as more timeframes, more technical indicators, and additional order types. MT5 was created for investors to trade Contracts for Differences, stocks, and futures. MT5 is a trading platform where you can trade multiple assets and access professional technical and fundamental analysis tools while using any browser. MT5 also has great mobile device compatibility.

The biggest difference between the two platforms

The primary distinction between the MT4 and MT5 platforms is their respective functions and purposes. As we alluded to earlier, MT4 was designed specifically for Forex trading while MetaTrader 5 was created mostly for other assets.

At first glance, it would be hard to spot any significant style differences between MT4 and MT5. After all, they both were designed by the same company.

These platforms provide plenty of trading indicators and tools, but it mainly depends on the broker you’re using. The standard version of MT4 comes with approximately 30 built-in indicators, though it is highly customizable to users’ needs.

If you search online, you’ll find at least a few thousand free indicators and hundreds of paid ones. These include high-low indicators, Renko indicators, chart group indicators, and more. The same is true for MT5–you can find many predetermined indicators or create your own custom ones.

Forex charts

Forex charts on MT4 or MT5 can be customized to your preferences with dozens of time frames, various chart types, and the ability to overlay different assets on one chart. Both platforms offer various technical analysis options, including trend lines and Fibonacci retracements.

As for order types, both platforms offer market orders, pending orders (buy limit, buy stop, sell limit, sell stop), and trailing stops. In addition to these standard order types, MT5 also offers the option for hedge orders.

MT4 and MT5 have advanced features, such as automated trading via Expert Advisors (EAs). These EAs can fully automate your trading strategy or send notifications when certain conditions are met.

Programming languages

MT4 uses a programming language called MQL4, while MT5 uses MQL5. The two languages are similar in syntax and structure, but MQL5 is more advanced and offers additional features such as object-oriented programming and access to economic data calendars. MQL5 is not only more efficient, but it is also easier to use. MQL5 lets traders customize and adjust their scripts as they see fit. Also, most programs created for MT4 aren’t compatible with MT5.

Trading instruments

MT4 offers a variety of trading instruments, including Forex pairs, stocks, commodities, and indices. MT5 offers all of these instruments, futures, and contracts for difference.

Contracts for difference (CFDs) are financial derivatives that allow investors to trade the price movements of assets without actually owning the underlying asset. For example, you can trade the price of gold without having to take physical possession of the metal.

Futures are agreements to buy or sell an asset at a specific price on a specific date. Futures contracts are standardized and have strict regulations, making them less risky than CFDs.

MT4 and MT5 offer a variety of order types to suit your trading needs. With MT4, you can place market orders, pending orders (buy limit, buy stop, sell limit, sell stop), and trailing stops. MT5 also offers the option for hedge orders.

In addition to these standard order types, MT5 offers the option for futures contracts. Futures contracts are agreements to buy or sell an asset at a specific price on a specific date. They come with strict regulations and are less risky than CFDs.

Trading automation

MT4 and MT5 offer advanced features, such as automated trading via Expert Advisors (EAs). These EAs can fully automate your trading strategy or send notifications when certain conditions are met, including technical analysis of price data and opening and closing positions on specific instruments. Comparing the Expert Advisors of these two firms ultimately comes down to the programming language.

MQL4 has been around for a long time. It is older than MQL5. This means that there are more pre-written scripts and codes for MQL4 that you can use to create your Expert advisors.

However, some people might find MQL5 to be a simpler language. In that case, creating your scripts might be a little easier.

Conclusion

It is concluded that both MT4 and MT5 offer a range of customizable charts, technical analysis options, trading instruments, and order types. While MQL4 has more pre-written scripts for automated trading, some may find that MQL5 is a simpler language. Ultimately, it comes down to personal preference and trading style. Each platform offers its own unique set of features and capabilities that can enhance your trading experience. It is ultimately up to the trader to determine the best suits their needs.​

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Prof. PLO Lumumba urges church leaders to offer tithes to vulnerable communities

Prof. Patrick Loch Otieno Lumumba

Prof. Patrick Loch Otieno Lumumba has urged church leaders to dedicate at least some percentage of the tithes to the vulnerable communities in order to curb diseases and hunger affecting the people.

PLO Lumumba, the keynote speaker made the urge while addressing people at the National HIV/AIDS symposium under the theme “Ending inequality among adolescent girls, young women and boys” held at Makerere University Business School in Nakawa.

Lumumba said that the churches should be so impactful in changing the lives of people since religion in Africa has been so based on moral values and behavioral change.

“Tithes and offerings are given to churches. But how much do they contribute to the noble cause of eradicating HIV? Let us give back to these communities in order to stay relevant,” Lumumba cautioned.

He has also called on the government to set up the HIV/AIDS trust fund to end reliance on dwindling funding from development partners. Apparently, the country’s HIV funding deficit stands at 450 billion shillings according to Uganda AIDS Commission.

“Create a single fund for a purposeful use to fight HIV/AIDS. We made commitments that 15% of our budgets be dedicated to the health sector and therefore by extension HIV must also be on radar,” Lumumba said.

He added, “funding of HIV must have a regional perspective. The president has recognised that the impact of HIV is not only on the health sector but also on the economic kind, political kind and social kind,” 

“We cannot win the fight against HIV in spite of regional inclusion, there is a need to have other regional countries involved in the response,” he noted.

He also said that research in Africa is not at the level which one desires it to be. The universities and other institutions of higher learning are doing their own things, not research.

“In Africa we don’t have researchers. The ones we have are mainly good at writing proposals to donors in Sweden, Canada,” he said.

He further urged the citizenry to hold the authority accountable and always speak the truth to power. Adding, “In Africa, when politics fails, everything fails.”

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Court issues an injunction against BLB, Land Commission over Ham’s titles in Kigo

City businessman Hamis Kiggundu popularly known as Ham.

The Land Division of High Court in Kampala has issued an injunction blocking Buganda Land Board (BLB) and the Uganda Land Commission from cancelling city businessman Hamis Kiggundu aka Ham’s land titles in Kigo.

On September 6, 2022, the Commissioner of Land Registration, Mr. Baker Mugaino, declared that Ham had illegally occupied the land owned by Buganda Kingdom in Kigo.

In his ruling, Mugaino ordered for the cancellation of all four titles obtained by Ham on Kabaka’s land. He noted that the certificate of titles comprised in Kyadondo Block 273 Plot 23974, 23975, 23976 and 23977 were “illegally issued” and that there was indeed encroachment by the freehold titles on the Mailo titles.

“It is therefore my finding that the freehold titles held under plots 23974, 23975, 23976, and 23977 owned by Kiham Enterprises Limited overlap the Mailo titles owned by Kabaka of Buganda held under plots 38, 87, 99, 110 which is illegal,” the commissioner said.

Ham ran to Court seeking to overturn the decision by Commissioner Mugaino.

“A temporary injunction order doth issue restraining the Respondent [The Commissioner Land Registration], its agents or servants from effecting the order of cancellation issued on the 6th of September 2022 in respect of the Applicant’s freehold titles comprised in Kyadondo Block 273 Plot 23974, 23975, 23976 and 23977 situate at Kigo until hearing and determination of the main appeal,” Justice Tadeo Asiimwe ordered on November 3rd.

The contested land is situated between Serena-Kigo and Mirembe Villas.

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Startup investment is more than a transfer of funds – Esther Ndeti

Esther Ndeti - Investment Principle at Unconventional Capital (UnCap) delivers they keynote address during the Investor Summit

The Investment Principle at Unconventional Capital (UnCap) Esther Ndeti has urged investors in early-stage startups to expand their support to science and technology-based businesses beyond funding to incorporating transfers of skills or value addition post-investment.

Ndeti said during the Investor Summit of the 2022 National Science Week at the Kololo Ceremonial Grounds.

“When it comes to innovation-based businesses, there is a limited number of investors who have the skills to evaluate all the components of these companies and even fewer who work with such businesses in emerging markets. Investment is more than just a transfer of funds. For early-stage investors, there needs to be a transfer of skills or some form of value-added post-investment.” she said.

She said most investors don’t have enough scientists or tech-based leaders within their teams to accurately assess and add value to innovation-based businesses and that banks, for example, rarely offer customised products for innovation, which causes an overarching funding gap in the tech startup space.

According to Disrupt Africa’s annual African Tech Startups Funding Report, Uganda is one of the fastest-growing startup funding destinations in Africa, having registered growth with the likes of Zimbabwe, Rwanda and Ivory Coast.

Despite this growth, however, early-stage science and technology-based businesses still face significant challenges in accessing financing as part of the sub-Saharan Africa SME ecosystem, which faces a $330 billion funding gap, according to the World Bank.

According to Ndeti, some of the challenges faced include early-stage startup innovators include having limited awareness of the variety of investors, products and other opportunities available to them; insufficient collateral for debt financing from traditional financing institutions and; perception-based hindrances based on the fact that women- and youth-led businesses attract cultural biases which limits capital they receive.

National Science Week is a brainchild of the Secretariat of Science, Technology and Innovation and is Uganda’s annual showcase of science, technology and innovation to document the progress made towards technological advancement to steer national development.

This year’s edition included a public exhibition featuring over 200 exhibitors in Science, Technology and Innovation – specifically in the fields of Pathogen Economy; Aeronautics and Space Science; The Future of Infrastructure; Industry 4.0; Mobility and Productivity Acceleration, Import Substitution; Export Promotion and the science of support services.

It also included an Investor Summit, which was held to address the challenge of funding for early-stage science, technology and innovation ventures and attracted attendance from key financial players including venture capitalists and commercial banks.

Speaking during the forum’s opening ceremony, Dr Monica Musenero, the Minister of Science, Technology and Innovation, said “We are proactively paving the way for our science, technology and innovation start-ups to secure the funding they require for viable projects. Through this event, we will act as a bridge and provide a platform for innovators to pitch their ideas to potential investors and secure the support they need.”

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BoU clears Cellulant’s payments operations in Uganda

Frances Diribe, Cellulant’s Chief Risk & Compliance Office

Pan-African payment technology company Cellulant, has been granted a Payments Systems Operator license by the Bank of Uganda in line with the National Payments System Act, 2020 which provides guidance in streamlining operators in the burgeoning fintech space in Uganda.

Cellulant Group founded in 2003, has a history of delivering inventive technical and financial solutions implemented with a seamless user experience.

The company today powers collections and payouts for thousands of businesses in various sectors across 35 countries in Africa.

Cellulant launched operations in Uganda in 2009 and through its single API payments gateway – Tingg enables global, regional and local businesses to collect payments online and offline serving its customers with locally relevant payment methods, including mobile money, cards & banks.

By obtaining this license, Cellulant will be able to develop its operations locally and regionally while providing reassurance to its business partners that Cellulant complies with local and international security regulations. Having partnered with 6 financial institutions and over 50 merchants within Uganda, Cellulant is availing proximity to mobile banking and checkout solutions to its merchants across the country.

According to Frances Diribe, Cellulant’s Chief Risk & Compliance Officer, “We welcome this development and are delighted that the Bank of Uganda has now licensed Cellulant Uganda as a Payment Systems Operator (large funds transfer). Uganda currently has over 800,000 registered businesses and a fast-growing digital youthful population. We’re on course to double down our work in offering these businesses and their clients’ dependable payment options. By streamlining the business payment process, they can concentrate on growing themselves.”

Cellulant boasts an 80 per cent market share in providing payment solutions for all airlines in Africa including Emirates, Kenya Airways, Jambojet, and Ethiopian Airlines, among others. They also provide solutions for the likes of Rubis, Oryx, Jumia, Kiku, MultiChoice, StarTimes, Zuku, National Water, and Umeme, among others. The company facilitates more than 300 million transactions per year with volumes in billions of dollars.

The Pan-African Payments pioneer recently announced its partnership with the global technology company, Mastercard, to empower millions of consumers across Africa to join the global digital commerce market through their virtual payment solution. Cellulant also recently partnered with LC Waikiki in Zambia and Orange Money in Botswana.

With this accreditation in the Pearl of Africa, the company looks to progress its mission to create opportunities and accelerate economic growth for all of Africa.

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Speaker Among wants road safety operation extended countrywide

Some of the impounded motorcycles

The Speaker of Parliament, Anita Among, has commended the ongoing operations by the Police to improve road safety in the Kampala metropolitan area, and urged them to extend the operations across the country.

This follows a call she made during last week’s plenary sessions, for the need to strengthen road safety interventions.

“It is not only in Kampala where we have accidents and so you should extend the operations to upcountry areas,” the Speaker said.

The Police started enforcing traffic rules targetting especially boda boda riders on Monday, 07 November 2022 in a bid to curb the road carnage, industry players say, they [boda boda riders] are greatly responsible for.

She made the comments in her communication to the House sitting on Wednesday, 09 November 2022.

She also urged Members of Parliament to encourage proper road use by Ugandans.

“As Parliament, we need to advocate for our people to drive/ride well especially the boda-bodas. They must wear reflector jackets and use the roads carefully,” Among said.

She told the House that the Chairperson of Committee on Health, Dr Charles Ayume, will present a report on the study of the magnitude of traffic injuries reported at Mulago National Referral Hospital.

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